Torex Gold Resources (TSE:TXG) Shares Up 10.9% – Here’s Why

Posted by Mark Dietrich on May 7th, 2026

Torex Gold Resources Inc. (TSE:TXG – Get Free Report) shares shot up 10.9% during mid-day trading on Thursday . The company traded as high as C$67.03 and last traded at C$66.63. 318,415 shares traded hands during trading, a decline of 54% from the average session volume of 691,123 shares. The stock had previously closed at C$60.09.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXG. Canadian Imperial Bank of Commerce increased their price objective on Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. Scotiabank increased their price objective on Torex Gold Resources from C$72.00 to C$95.00 in a report on Monday, January 26th. Finally, TD Securities increased their price objective on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$83.75.

Check Out Our Latest Stock Report on Torex Gold Resources

Torex Gold Resources Price Performance

The firm has a market capitalization of C$6.23 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.02 and a beta of 1.85. The company has a debt-to-equity ratio of 8.34, a quick ratio of 2.12 and a current ratio of 1.16. The business has a 50 day simple moving average of C$65.76 and a two-hundred day simple moving average of C$65.41.

Torex Gold Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, March 5th. Torex Gold Resources’s dividend payout ratio is currently 2.37%.

Torex Gold Resources Company Profile

(Get Free Report)

Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.